According to the Ichimoku “Cloud” charts we shouldn’t rule this idea out, but there are some hurdles along the way. Let’s start by looking at some old charts…
This is the daily “Cloud” chart going back a year ago to Decmeber 2018. It shows that once we got above the top of the Cloud the market …
I thought I’d give you my take on yesterdays action. Below is a continuation chart of Brent, it just rolls across to the next monthly contract when volume rolls across.
It shows the recent action since the beginning of August has been consolidating below a significantly pivotal level. 116.60 was the Sep ’11 high, Nov ’11 high, Apr ’12 low …
The month of February was dominated by headlines surrounding the ECB’s second LTRO and further ambiguous rescue plans for Greece. Nevertheless, investment themes impemented in January remained prevalent throughout February with Equity and Commodity markets continuing to trend higher.
FuturesTechs Liam Roberts wrote a review of various asset classes and sectors in this months February review. Click the link below …